Boyd Bayer acquired 100 shares of Evans Corporation stock for $3,000 on January 8, 2018. He gave
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Boyd Bayer acquired 100 shares of Evans Corporation stock for $3,000 on January 8, 2018. He gave the stock to his daughter Susan on January 8, 2019, when the fair market value was $2,400. On March 22, 2019, Susan sold the stock for $1,500. What is the nature and the amount of the gain or loss for Susan in 2019?
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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